Atria Wealth Solutions Inc. Buys 139 Shares of Ameren Corporation (NYSE:AEE)

Atria Wealth Solutions Inc. boosted its holdings in shares of Ameren Corporation (NYSE:AEE) by 2.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,236 shares of the utilities provider’s stock after acquiring an additional 139 shares during the period. Atria Wealth Solutions Inc.’s holdings in Ameren were worth $526,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the business. Whittier Trust Co. grew its holdings in Ameren by 29.6% during the 1st quarter. Whittier Trust Co. now owns 499 shares of the utilities provider’s stock worth $50,000 after acquiring an additional 114 shares during the period. Captrust Financial Advisors grew its holdings in Ameren by 1.3% during the 4th quarter. Captrust Financial Advisors now owns 10,107 shares of the utilities provider’s stock worth $901,000 after acquiring an additional 125 shares during the period. HighPoint Advisor Group LLC grew its holdings in Ameren by 3.1% during the 1st quarter. HighPoint Advisor Group LLC now owns 4,172 shares of the utilities provider’s stock worth $414,000 after acquiring an additional 125 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Ameren by 0.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 15,963 shares of the utilities provider’s stock worth $1,423,000 after acquiring an additional 131 shares during the period. Finally, Larson Financial Group LLC grew its holdings in Ameren by 3.7% during the 1st quarter. Larson Financial Group LLC now owns 4,094 shares of the utilities provider’s stock worth $411,000 after acquiring an additional 145 shares during the period. Institutional investors and hedge funds own 79.09% of the company’s stock.

Analyst Ratings Changes

A number of research firms have commented on AEE. The Goldman Sachs Group raised shares of Ameren from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $91.00 to $100.00 in a report on Wednesday, June 25th. Guggenheim reaffirmed a “neutral” rating on shares of Ameren in a report on Tuesday, April 22nd. Wells Fargo & Company boosted their price target on shares of Ameren from $108.00 to $112.00 and gave the company an “overweight” rating in a report on Wednesday, May 14th. Morgan Stanley decreased their price target on shares of Ameren from $102.00 to $100.00 and set an “equal weight” rating for the company in a report on Wednesday, June 18th. Finally, KeyCorp set a $104.00 price target on shares of Ameren and gave the company an “overweight” rating in a report on Wednesday, July 16th. Five research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $101.36.

Ameren Price Performance

Shares of NYSE AEE opened at $102.23 on Thursday. The firm has a market cap of $27.64 billion, a PE ratio of 22.47, a PEG ratio of 2.60 and a beta of 0.45. The company has a current ratio of 0.80, a quick ratio of 0.56 and a debt-to-equity ratio of 1.51. Ameren Corporation has a 1-year low of $80.57 and a 1-year high of $104.10. The company has a fifty day moving average price of $97.61 and a 200 day moving average price of $97.73.

Ameren (NYSE:AEE) last announced its earnings results on Thursday, July 31st. The utilities provider reported $1.01 earnings per share for the quarter, topping analysts’ consensus estimates of $1.00 by $0.01. The firm had revenue of $2.22 billion during the quarter, compared to analyst estimates of $1.82 billion. Ameren had a net margin of 14.55% and a return on equity of 10.38%. The company’s revenue for the quarter was up 31.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.97 EPS. Research analysts predict that Ameren Corporation will post 4.93 earnings per share for the current fiscal year.

Ameren Company Profile

Ameren Corporation, together with its subsidiaries, operates as a public utility holding company in the United States. The company operates through four segments: Ameren Missouri, Ameren Illinois Electric Distribution, Ameren Illinois Natural Gas, and Ameren Transmission. It engages in the rate-regulated electric generation, transmission, and distribution activities; and rate-regulated natural gas distribution business.